Aventis Pharma (Rs 775.15): Buy [28July]

We recommend a buy in Aventis Pharma from a short-term perspective. We note that this stock has been on a very long-term downtrend from its May 2006 high of Rs 2,125.
However, the stock found support at around Rs 700 in early July 2008 which is a significant long-term support level and began to move upward. On July 23, the stock jumped up by 7 per cent penetrating the medium-term down trend line (which was in plac e from March 2008) as well as its 50-day moving average. We notice a prolonged positive divergence in the weekly relative strength supporting the stock’s recent reversal.
The daily relative strength index has entered in to the bullish zone from the neutral region. The daily moving average divergence (MACD) also displays positive divergence and is on the brink of entering the positive territory. The stock is trading well above 21- and 50-day moving averages. We are bullish on the stock in the short-term.
We expect the stock’s current up move to continue until it hits our price target of Rs 850 in the forthcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 738.

Day Trading Guide [28July]

The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading.

Titan announces exchange offer

Madurai, July 27 Titan Industries has announced a new offer ‘Titan Exchange Offer 2008’.
Under the scheme, effective July 25 (to August 24), any old watch of any make and condition can be exchanged at all Titan outlets across the country on a purchase of a brand new Titan watch at a flat discount of 25%. The offer is not valid on Nebula, the 18K gold watches. Instead, special gifts such as Philips Music Player and Nikon Digicam are on offer depending on the purchase, according to Mr Narayanan Sabaratnam, Brand Manager-Titan, Titan Watches.

The market for international goods

Yesterday was a day in two impărţită gold: Inflation in the first part and a final şedintei the ordinary addition, ieftiniri meeting in electronics and still higher than the previous gain. The reference for today is 970 dollars and 70 per cent of ounces, growing against the previous day.

The latest quotes were placed with over 10 U.S. dollars below the 960 dollars. Gold is heading towards the area threshold resistance, say traderii, and the recent depreciation must not deceive us attention. The payouts in the short term are more difficult to obtain, but reaching a new record level may leave the way free for the November gain on futures contracts on gold. Therefore, a wide range of variation between 953 - the support - and 1000 dollars per oz - level of resistance. Yesterday, the rest of metals were obsolete, except for copper. A significant correction in May platinei remarkable in the case, which stopped yesterday at something more than 900 dollars per oz. Oil futures contracts were ieftinit yesterday for a third day in a row. A close below the quota was 130 dollars per barrel for the first time in the last months. Oil has lost 16 U.S. dollars in three days, meaning almost 11 per cent of the price.

Google's profit increased by 35% in the second quarter, to 1.25 billion U.S. dollars

The company Google has made in the second quarter a net profit increase of 35% to 1.25 billion U.S. dollars, under analysts' expectations.


The company's net profit was 3.92 U.S. dollars / action against 925 million U.S. dollars, or 2.93 U.S. dollars / share, in the second quarter of 2007. Gross revenue was appreciated by 39% to 5.37 billion U.S. dollars, confirming estimates by analysts on Wall Street, anticipau income between 5.16 and 5.62 billion U.S. dollars. Company shares were obsolete by 10%, after announcing the results, after which they returned to a level of 492 dollars / share.

The Shanghai stock exchange index has lost 50% in 2008

The value of investments on the Chinese scholarship to înjumătă of it in 2008, after, last year, dublase. After changes in the last 2 days, the shares listed on the Shanghai Stock Exchange were obsolete more than the market in Vietnam until May yesterday codaşele world, and and were awarded the title of the greatest perdante globally.

Shanghai stock exchange index ended the Presidents of today with a depreciation of 1% at 2718 points. CSI 300, the index of the largest 300 companies listed on this market has lost 49.6% since the beginning of the year. The Stock Exchange of Vietnam increased by 0.6% today, marking a decrease of 46.8% in 2008. Index of the Shanghai stock exchange was obsolete strong this year after he held first place in 2007 among the world's profitability with an astronomical câ and tig of 97%. CSI 300 lost 56% of the maximum of 6,000 points in October 2007. In the same period, the Dow Jones indices and S & P500 had lost every 21 percent of valuarea quote. Specialists know believes that the appreciation last year of shares of the Chinese scholarship was not substantiated economically. Market search a minimum both in terms of evaluating companies and in technical terms.

JPMorgan's quarterly profit fell to 2 billion U.S. dollars

JPMorgan Chase & Co., the third U.S. bank, reported Thursday, a decrease in quarterly profit as a result of deprecierilor assets of 1.1 billion U.S. dollars from its division of investment bank, but the results have exceeded analysts' expectations.

JPMorgan's net profit fell to 2 billion U.S. dollars, 54 cents / share, compared with 4.23 billion U.S. dollars, ie 1.20 U.S. dollars / share, in the equivalent period last year. Analysts are expected to gain an average 44 cents / share. The titles of the company were appreciated by nearly 6%, up to 38 U.S. dollars / share, in predeschiderea market. JPMorgan was also a signal of alarm. "We expect the economic environment to remain weak, moreover, continue to weaken and financial markets are threatened by stress," according to a communication of executive director, Jamie Dimon.The bank based in New York, which he bought in May bank Bear Stearns, has survived the crisis better credit than other similar companies and avoided so far to depreciation of assets as they did other institutions this year. 35.94 U.S. dollars at the closing session on Wednesday on the new-york market.

Quarterly net profit Coca-Cola fell by 23% to 1.42 billion U.S. dollars Home

Coca-Cola, the largest producing refreshments in the world, displayed, Thursday, a net profit of 1.42 billion U.S. dollars in the second quarter, declining by 23% over the same period last year.
Net profit of Coca-Cola in the second quarter of last year was 1.85 billion U.S. dollars, 80 cents / share. With the exclusion of a cost of 40 cents / action at the Coca-Cola Enterprises, held in a proportion of 35% of Coca-Cola, the manufacturer of refreshments won 1.01 U.S. dollars / share, if the average of analysts forecasts indicated a gaining 96 cents / share. . Net operating income of Coca-Cola has increased by 17% in the second quarter, up from 9.05 billion U.S. dollars. Coca-Cola Enterprises, the largest bottling Coca-Cola in the world, showing a net loss of 3.17 billion U.S. dollars, 6.52 U.S. dollars / share, in the second quarter, compared with the equivalent period of 2007, when he had a net profit of 270 million U.S. dollars, 56 cents / share.

International capital market

European indices have recorded decreases, as the rising price of oil and dates manufacturier sector and real estate, shows a slowing pace of global economic growth. Porsche shares were obsolete by 6.2% and quotation Ryanair, the largest low cost airline in Europe, fell by 2.1%.

The titles of Royal Bank of Scotland, the number 2 in Britain, fell by 5.1%, while ING Group shares have suffered corrections of 2.6%. Also in the banking sector, Deutsche Bank lost 4.4% yesterday, up at 52.44 euros on speculation fund under which the largest bank in Germany and could revise the declining prospects of profit. Representatives of Deutsche Bank refused to comment on the verge zvonurilor. Cotaţia UBS fell by 5.3%, after U.S. authorities have taken legal steps to force the bank to disclose the name of American customers who hold accounts secret. Shares Hays, the biggest British company recruitment, were obsolete with 8 percent after analysts at UBS have changed the recommendation from "neutral" from "sell". In the defence sector, Safran titles have lost 9.3%, after brokers at Cheuvreux gave action grade of "subperformant." Cotaţia Deutsche Telekom has appreciated by 1.8% after analysts at JP Morgan have improved and recommendations for this title. Thus, the London FTSE 100 fell by 2.60%, CAC40 lost 2.11 percent and the market index in Frankfurt, the DAX, closed with 1.60% below the closing of the previous meeting. The pan-European Dow Jones Stoxx600 has made a recul of 2.21 percent. Indices of scholarships Central and Eastern Europe have registered themselves negative developments. Perdantul region was the index market from Bucharest, BET, with a minus of 3.12%, followed by ATX, a decrease of 2.91%. At Sofia, SOFIX index lost 2.19%, PX50 has made an adjustment of 1.60%, the BUX index closed 1.35% below the level recorded in session Monday and in Warsaw, WIG 20 to 1 with obsolete, 26 percent. Most U.S. actions have made feedback after the auto giant GM announced sales above estimates and oil ended the session maximele day. And the financial sector has been gaining ground headed by Lehman Brothers shares which have risen by 6% after losses of over 11% Monday. DJIA index rose by 0.3% and ended the day at over 11,370 points after atinsese during the meeting a minimum of 11,183. 14 of the 30 actions that enter into the composition of the index recorded feedback. Vedeta day was GM auto giant announced that although last month for a decrease in sales, it was less than analysts estimau. The S & P 500 rose by 0.4% and Nasdaq has gained half a percent.